NuVista Energy (TSE:NVA) Hits New 52-Week High at $14.86

NuVista Energy Ltd. (TSE:NVA)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$14.86 and last traded at C$14.43, with a volume of 62161 shares changing hands. The stock had previously closed at C$14.26.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVA. Desjardins lowered their price target on shares of NuVista Energy from C$15.00 to C$14.75 and set a “buy” rating on the stock in a report on Friday, March 22nd. CIBC lifted their price target on shares of NuVista Energy from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. BMO Capital Markets lifted their price target on shares of NuVista Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. National Bankshares lifted their price target on shares of NuVista Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Finally, TD Securities boosted their target price on shares of NuVista Energy from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$15.42.

NuVista Energy Trading Up 0.8 %

The company has a market cap of C$2.96 billion, a PE ratio of 9.77, a P/E/G ratio of 0.59 and a beta of 2.83. The stock’s 50 day moving average is C$13.43 and its 200-day moving average is C$12.10. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 15.87.

NuVista Energy (TSE:NVA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.14). NuVista Energy had a net margin of 26.88% and a return on equity of 15.57%. The firm had revenue of C$309.02 million for the quarter, compared to the consensus estimate of C$276.00 million. As a group, sell-side analysts anticipate that NuVista Energy Ltd. will post 1.3395253 EPS for the current year.

Insider Transactions at NuVista Energy

In other news, Director Keith A.J. Macphail sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total value of C$284,000.00. In other NuVista Energy news, Senior Officer Kevin Garth Asman sold 3,580 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$13.65, for a total transaction of C$48,867.00. Also, Director Keith A.J. Macphail sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of C$14.20, for a total transaction of C$284,000.00. Over the last ninety days, insiders have sold 116,160 shares of company stock worth $1,516,334. Insiders own 20.23% of the company’s stock.

About NuVista Energy

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.